Why your salary feels smaller: purchasing power plummets as debt levels soar
Even as inflation eases, high interest rates continue to erode incomes, forcing many South Africans to rely on loans to get by.
The Information Regulator’s upcoming guidance note clarifies that direct marketing via phone calls falls under POPIA’s consent requirements.
Even as inflation eases, high interest rates continue to erode incomes, forcing many South Africans to rely on loans to get by.
The Money Stress Tracker survey finds that consumers’ response to financial strain is long on intent but short on action.
Instead of making provision for retirement, they are servicing debt.
Cash-strapped South Africans spending more on essential items such as food at the expense of insurance products, says DebtBusters.